BEAMSTART Logo

Crypto’s brutal week ends with a trading halt and a bailout

Times of India LogoTimes of India1 mo ago

Crypto’s brutal week ends with a trading halt and a bailout

Quick Summary AI Powered

The meltdown in cryptocurrency markets deepened this week, adding to a decline that has wiped away some $2 trillion of market value and leaving market participants uneasy heading into the long Fourth of July weekend.

Last month, Voyager issued a notice of default to Three Arrows on a loan worth roughly $675 million.

It’s actively pursuing recovery from the crypto hedge fund, including through the court-ordered liquidation process in the British Virgin Islands.


More Pictures


or

Article Details

Author / Journalist: Bloomberg

Category: Economy

Topics: Crypto Terra Voyager digital ltd Three arrows capital ltd Celsius network Luna

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 13:51:57

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Reading Time: 4 minutes read

Article Length: 603 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 26414

View Article Analysis

About Times of India

Times of India Logo

Main Topics: Economy

Official Website: timesofindia.indiatimes.com

Update Frequency: 22 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 4h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

BEAMSTART brings you the latest news, jobs, and events from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2022 BEAMSTART. All Rights Reserved.